02538cas a2200313 a 4500 AALejournalIMF022214 230101c9999 xx r poo 0 0eng d 5.00 USD 9781589068544 1018-5941 BD-DhAAL BD-DhAAL Diallo, Aissatou. Successful Transitions from Public to Private-Sector Led Growth : Lessons for Benin / Aissatou Diallo. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Many Sub-Saharan African (SSA) countries, like Benin, have scaled up public investment during the last decade. Such a strategy contributed to the improvement of infrastructure, but also to a build-up of debt vulnerabilities. Looking forward, the planned fiscal consolidation will result in some restraint of public spending, and, in particular, public investment. In this context, maintaining or even raising the region's economic growth will require an offset by the private sector. The analysis draws lessons from countries that have successfully transitioned from public investment to private investment-led growth using a global sample starting in the mid-1980s. These lessons highlight policies that have been crucial in fostering a rebound of private investment in the wake of a contraction of public investment. The analytical framework proposed by Hausman, Rodrik and Velasco (2005) is used to identify and classify such policies. Finally, the paper analyses how the identified policies could help Benin achieving a smooth transition from public to private sector-led growth. Mode of access: Internet Growth, Transition, Fiscal Consolidation and Lessons imf Macroeconomic Aspects of International Trade and Finance imf Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook imf Macroeconomics imf Money and Interest Rates imf Private and Public Investment imf IMF Working Papers; Working Paper ; No. 2021/286 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/286/001.2021.issue-286-en.xml IMF e-Library